Ethereum Whale Activity Signals Deep Losses Amid Price Decline

Large Ethereum holders across all whale categories – from 1,000 to over 100,000 ETH – are now sitting in unrealized losses, the first such occurrence since 2019. The negative profit ratios have persisted for several weeks as Ether’s price has fallen sharply.

A prominent whale re‑entered the market after an eight‑month hiatus, opening a 20‑times‑leveraged short position worth $19.72 million near the $1,500 support level. The trader aims to profit if ETH slides further toward $1,375, where unrealized gains could rise to about $2.4 million. The short currently shows roughly $106,500 in unrealized profit. This activity comes amid a broader tech‑driven risk sell‑off, pressure on Nasdaq and chip stocks, and recent scrutiny of the Ethereum Foundation’s budget cuts and staff reductions.